Just back from the Miyamoto interview and here was his response when I asked him what he thought about today's PlayStation 3 announcement.
"Any announcement about PS3 will affect Nintendo. But we don't see it as a competition between the two consoles, although the customers always do. It depends on what expectations people have of the PS3 and Revolution. Sony have taken a long time to create their machine but it is obvious that the direction we (Nintendo) are taking is different to the PS3."
I will get the rest of the interview up later today.